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3. PARTNERSHIP CONSIDERATION <br /> For its participation as a Partner for the Event, Partner shall provide to the City a <br /> financial contribution in the amount of $10,000.00. Partner shall not be entitled to the <br /> Partnership Benefits under this Agreement, or otherwise participate in the Event, if Partner fails <br /> to provide the $10,000.00 financial contribution described herein. <br /> 4. TERM <br /> This Agreement shall commence on the date first written above and terminate on <br /> February 28, 2026, unless terminated as otherwise provided in this Agreement. <br /> 5. INDEPENDENT CONTRACTOR <br /> Partner shall, during the entire term of this Agreement, be construed to be an independent <br /> contractor and not an employee of the City. This Agreement is not intended nor shall it be <br /> construed to create an employer-employee relationship, a joint venture relationship, or to allow <br /> the City to exercise discretion or control over the professional manner in which Partner performs <br /> the services which are the subject matter of this Agreement; however, the services to be provided <br /> by Partner shall be provided in a manner consistent with all applicable standards and regulations <br /> governing such services. Partner shall pay all salaries and wages, employer's social security taxes, <br /> unemployment insurance and similar taxes relating to employees and shall be responsible for all <br /> applicable withholding taxes. <br /> 6. INSURANCE <br /> During the Term of this Agreement, Partner shall maintain and shall require its subcontractors or <br /> agents, if any,to obtain and maintain insurance as described in Exhibit B to this Agreement. <br /> 7. INDEMNIFICATION <br /> To the fullest extent permitted by law, Partner shall indemnify, defend and hold harmless <br /> City, its officers, agents and employees (collectively, the"indemnified parties") from and against <br /> any and all third party claims (including, without limitation, claims for bodily injury, death or <br /> damage to property), demands, obligations, damages, actions, causes of action, suits, losses, <br /> judgments, fines, penalties, liabilities, costs and expenses (including, without limitation, <br /> attorney's fees, disbursements and court costs) of every kind and nature whatsoever <br /> (individually, a claim; collectively, "claims"}, to the extent such may directly arise from <br /> Partner's presence or activities at the Event (including the negligent and/or willful acts, errors <br /> and/or omissions of Partner, its principals, officers, agents, employees, vendors, suppliers, <br /> contractors, subcontractors, anyone employed directly or indirectly by any of them or for whose <br /> acts they may be liable for any or all of them). Notwithstanding the foregoing, nothing herein <br /> shall be construed to require Partner to indemnify the indemnified parties from any claim arising <br /> from the acts or omissions of the indemnified parties. This indemnity shall apply to all claims <br /> and liability regardless of whether any insurance policies are applicable. The policy limits do not <br /> Page 2 of 6 <br /> I <br />